PG&E Reaffirms Growth Forecasts as Wildfire Metrics Improve Before April Recommendations
PG&E reaffirmed its positive earnings and growth forecasts for 2026 fiscal year, citing stronger utility sector performance following wildfire damage claim recoveries. Wildfire safety metrics have improved but regulators call for additional measures, with formal state recommendations due April 1.
1. Reaffirmed Earnings and Growth Forecasts
PG&E reaffirmed its positive earnings and growth outlook for fiscal 2026, citing stronger sector performance as utilities recovering from wildfire-related damages outpaced peers.
2. Wildfire Safety Metrics Improve
The company reported improving wildfire safety metrics, including enhanced vegetation management and inspection protocols, which have reduced the incidence of high-risk equipment faults.
3. State to Issue April 1 Safety Recommendations
Regulators have urged PG&E to adopt additional safety measures, with formal state recommendations expected by April 1 that could affect operational procedures and capital spending.